NanoXplore (GRA) to Release Earnings on Wednesday

NanoXplore (TSE:GRA) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect NanoXplore to post earnings of C($0.02) per share for the quarter.

NanoXplore (TSE:GRA) last issued its earnings results on Wednesday, September 18th. The company reported C($0.01) earnings per share for the quarter, hitting the consensus estimate of C($0.01). The business had revenue of C$38.13 million during the quarter, compared to analysts’ expectations of C$37.37 million. NanoXplore had a negative return on equity of 10.42% and a negative net margin of 8.97%.

NanoXplore Stock Performance

Shares of GRA stock opened at C$2.48 on Tuesday. The company’s 50 day moving average is C$2.40 and its 200 day moving average is C$2.45. The company has a quick ratio of 2.01, a current ratio of 2.08 and a debt-to-equity ratio of 19.36. The firm has a market cap of C$423.11 million, a price-to-earnings ratio of -35.43 and a beta of 1.26. NanoXplore has a 52-week low of C$1.87 and a 52-week high of C$2.96.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised shares of NanoXplore to a “strong-buy” rating in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$3.75.

About NanoXplore

NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.